Australian cryptocurrency company NGS Crypto has changed its name to “Hiddup” amid an ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC), CoinVoice has learned. NGS Crypto claims they are rebranding due to a trademark dispute.
In addition, ASIC accused NGS Crypto and its affiliates of providing financial services without holding an Australian financial services license, involving an amount of approximately A$61 million (approximately US$41 million). [Original link]